Core Viewpoint - Ningbo Jintian Copper Industry (Group) Co., Ltd. experienced a significant stock price fluctuation, with a cumulative increase of over 20% over three consecutive trading days, triggering abnormal trading conditions as per Shanghai Stock Exchange regulations [1][2]. Group 1: Stock Trading Abnormalities - The company's stock price rose significantly on August 12, 13, and 14, 2025, with a cumulative deviation exceeding 20% [1]. - The company conducted a self-examination and confirmed that there were no undisclosed significant information affecting the stock price [2]. Group 2: Operational Status - The company's production and operations are reported to be normal, with no major changes in market conditions or industry policies [2]. - There have been no significant fluctuations in production costs or sales, and internal operations are stable [2]. Group 3: Major Events and Shareholder Actions - The company and its controlling shareholders have no undisclosed major events, including asset restructuring, share issuance, or significant business collaborations [2]. - The controlling shareholder, Ningbo Jintian Investment Holdings Co., Ltd., and actual controller Mr. Lou Cheng plan to increase their shareholding within a year, with a total investment between RMB 88 million and RMB 142 million [2]. Group 4: Share Buyback Plan - The company approved a share buyback plan with a total investment of no less than RMB 100 million and no more than RMB 200 million, with a maximum buyback price of RMB 8.50 per share [5]. - As of July 31, 2025, the company has repurchased 15,213,960 shares, accounting for approximately 0.95% of the total share capital [5]. Group 5: Convertible Bonds - The company decided to exercise its right to redeem the "Jin Copper Convertible Bonds" early due to the stock price exceeding 130% of the conversion price for 15 out of 30 trading days [6]. - As of August 13, 2025, the total shares formed from the conversion of the "Jin Copper Convertible Bonds" amounted to 218,666,356 shares, representing 14.77% of the total shares before conversion [6].

| 证券代码：601609 | 证券简称：金田股份 | 公告编号：2025-091 | | --- | --- | --- | | 债券代码：113046 | 债券简称：金田转债 | | | 债券代码：113068 | 债券简称：金铜转债 | | 针对公司股票交易异常波动的情况，公司对有关事项进行了核查，并发函 向控股股东、实际控制人核实，现将有关情况说明如下： 宁波金田铜业（集团）股份有限公司 股票交易异常波动公告 （一） 生产经营情况 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 宁波金田铜业（集团）股份有限公司（以下简称"公司"）股票价格于 2025 年 8 月 12 日、8 月 13 日、8 月 14 日连续三个交易日内日收盘价格涨幅偏 离值累计超过 20%。根据《上海证券交易所交易规则》的有关规定，属于股票 交易异常波动情形。 经公司自查，并发函向控股股东、实际控制人核实，截至本公告披露日， 除在指定信息披露媒体及上海证券交易所网站上已公开披露的信息外，不存在 应披露而未披露的重大信息。 敬请广大投 ...

| 证券代码：601609 | 证券简称：金田股份 | 公告编号：2025-090 | | --- | --- | --- | | 债券代码：113046 | 债券简称：金田转债 | | | 债券代码：113068 | 债券简称：金铜转债 | | 宁波金田铜业（集团）股份有限公司 关于实施"金铜转债"赎回暨摘牌的第四次提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 截至 2025 年 8 月 14 日收市后，距离 8 月 20 日（"金铜转债"最后交易日）仅 剩 4 个交易日，8 月 20 日为"金铜转债"最后一个交易日。 最后转股日：2025 年 8 月 25 日 截至 2025 年 8 月 14 日收市后，距离 8 月 25 日（"金铜转债"最后转股日）仅 剩 7 个交易日，8 月 25 日为"金铜转债"最后一个转股日。 宁波金田铜业（集团）股份有限公司（以下简称"公司"）的股票自 2025 年 7 1 赎回登记日：2025 年 8 月 25 日 赎回价格：100.0477 元/张 赎回款发放日 ...

宁波金田铜业（集团）股份有限公司 关于可转债转股数量累计达到转股前公司已发行股 份总额 10%暨股份变动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 累计转股情况："金田转债"、"金铜转债"分别自 2021 年 9 月 27 日、 2024 年 2 月 5 日起进入转股期。截至 2025 年 8 月 13 日，累计有 191,000 元"金 田转债"转换成宁波金田铜业（集团）股份有限公司（以下简称"公司"）股票 或回售，其中"金田转债"累计转股金额为 186,000 元，累计回售金额为 5,000 元（不含利息）；累计有 1,266,821,000 元"金铜转债"转换成公司股票或回售， 其中"金铜转债"累计转股金额为 1,266,773,000 元，累计回售金额为 48,000 元（不含利息）。截至 2025 年 8 月 13 日，"金田转债"和"金铜转债"因转股 形成的股份数量累计为 218,666,356 股，占可转债转股前公司已发行股份总额的 14.77%。 未转股可转债情况：截至 2025 年 ...

Core Viewpoint - The article discusses the recent developments in the brain-computer interface (BCI) industry, highlighting supportive government policies and the potential for commercialization in the sector [10][12]. Group 1: Brain-Computer Interface Industry - The Ministry of Industry and Information Technology, along with six other departments, issued a document to promote innovation and development in the BCI industry, indicating a strong governmental push [10]. - Recent policies have encouraged the commercialization of BCI technologies, with local incentives and healthcare integration being key factors [10]. - Analysts are optimistic about companies in the BCI supply chain, with specific mention of Sanbo Brain Science, which saw a maximum stock increase of 21.52% as of August 14 [12]. Group 2: Robotics Industry - The World Humanoid Robot Competition recently commenced, featuring a record-breaking 280 teams, indicating a growing interest and investment in robotics [14]. - The competition's scale suggests a robust market for humanoid robots, which may present investment opportunities in related companies [14]. Group 3: Copper and New Materials - Jin Tian Co., Ltd. is projected to produce 1.9162 million tons of copper and copper alloy materials in 2024, capturing approximately 9% of the domestic market share [15]. - The company is expanding its new materials segment, with a production capacity of 60,000 tons for new energy electromagnetic flat wires, which are essential for humanoid robot components [15]. - Jin Tian Co., Ltd. experienced a two-day stock increase following these announcements [15]. Group 4: Lithography Equipment - The first domestically produced commercial electron beam lithography machine, "Xizhi," has entered application testing, marking a significant advancement in quantum chip research [17]. - The global lithography equipment market is expected to reach $29.57 billion in 2024, with a year-on-year growth of 9.0% [17]. - Longtu Photomask saw a stock surge, hitting a 20% limit up on August 14, reflecting positive market sentiment in the lithography sector [17].

Market Overview - On August 14, the industrial metals sector declined by 0.45%, with electrical alloys leading the drop [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] Stock Performance - Notable gainers in the industrial metals sector included: - Jintian Co., Ltd. (601609) with a closing price of 10.35, up 9.99% [1] - Yian Technology (300328) at 13.31, up 3.02% with a trading volume of 1.31 million shares and a turnover of 1.768 billion [1] - Mengmei New Materials (002988) at 46.27, up 2.25% with a trading volume of 66,600 shares and a turnover of 308 million [1] - Major decliners included: - Electrical Alloy (300697) at 15.62, down 5.33% with a trading volume of 400,500 shares and a turnover of 641 million [2] - Hesheng Co., Ltd. (002824) at 18.54, down 4.73% with a trading volume of 182,600 shares and a turnover of 343 million [2] - Lidao New Materials (603937) at 11.47, down 4.26% with a trading volume of 314,000 shares and a turnover of 380 million [2] Capital Flow - The industrial metals sector experienced a net outflow of 1.389 billion from institutional investors, while retail investors saw a net inflow of 1.143 billion [2][3] - Specific stock capital flows indicated: - Yian Technology (300328) had a net inflow of 138.579 million from institutional investors [3] - Electrical Alloy (300697) saw a net outflow of 142 million from institutional investors [3]

Group 1 - The core viewpoint of the article highlights that Jintian Co., Ltd. is the largest and most comprehensive producer of copper and copper alloy materials globally, with a complete industrial chain layout in copper processing [1] - By 2024, the copper processing capacity across eight major production bases in Ningbo, Jiangsu, Guangdong, and Vietnam is expected to reach 2.2 million tons, with copper product output at 1.916 million tons, leading the industry [1] - The company is also recognized as a leading domestic enterprise in rare earth permanent magnet materials, benefiting from the rapid growth in demand for high-end copper products, which presents new opportunities for the company [1] Group 2 - The company is positioned to enhance its market share in innovative copper processing, leveraging its three main advantages: high-end, international, and green [1] - The high-end copper processing capacity is being steadily released, resulting in stable increases in sales volume and profitability [1] - The report initiates coverage with a "buy" rating for the company, indicating positive future prospects [1]

跟踪1000价值稳健的公募基金包括：华夏中证智选1000价值稳健策略联接A、华夏中证智选1000价值稳 健策略联接C、华夏中证智选1000价值稳健策略ETF。 从指数持仓来看，中证智选1000价值稳健策略指数十大权重分别为：方大特钢（1.22%）、金田股份 （1.16%）、奥士康（1.08%）、申通快递（1.08%）、吉比特（1.03%）、康缘药业（1.01%）、骆驼股 份（0.99%）、宁波华翔（0.98%）、柳药集团（0.98%）、塔牌集团（0.97%）。 从中证智选1000价值稳健策略指数持仓的市场板块来看，深圳证券交易所占比51.69%、上海证券交易 所占比48.31%。 从中证智选1000价值稳健策略指数持仓样本的行业来看，工业占比26.06%、原材料占比17.88%、医药 卫生占比14.26%、可选消费占比12.33%、信息技术占比8.56%、公用事业占比5.08%、通信服务占比 4.50%、主要消费占比4.42%、金融占比3.78%、能源占比1.61%、房地产占比1.54%。 资料显示，指数样本每季度调整一次，样本调整实施时间分别为每年3月、6月、9月和12月的第二个星 期五的下一交易日。权重因 ...

资金流向方面，今日该股主力资金净流入2.62亿元，其中，特大单净流入2.40亿元，大单资金净流入 2220.04万元。近5日主力资金净流入2.25亿元。 金田股份(601609)今日涨停，全天换手率10.57%，成交额14.17亿元，振幅10.58%。龙虎榜数据显示， 沪股通净买入6600.32万元，营业部席位合计净买入4520.21万元。 上交所公开信息显示，当日该股因日涨幅偏离值达9.58%上榜，沪股通净买入6600.32万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交3.39亿元，其中，买入成交额为2.25亿 元，卖出成交额为1.14亿元，合计净买入1.11亿元。 具体来看，今日上榜的营业部中，沪股通为第一大买入营业部及第一大卖出营业部，买入金额为1.14亿 元，卖出金额为4787.45万元，合计净买入6600.32万元。 1461.74 4月22日公司发布的一季报数据显示，一季度公司共实现营业收入272.85亿元，同比增长9.89%，实现净 利润1.51亿元，同比增长38.55%。 7月12日公司发布上半年业绩预告，预计实现净利润3.40亿元至4.00亿元，同比变动区间为 176.66 ...

Investment Rating - The report assigns a "Buy" rating for the company, Jintian Co., Ltd. (金田股份) [4] Core Viewpoints - Jintian Co., Ltd. is the largest producer of copper and copper alloy materials globally, with a comprehensive industrial chain from smelting to deep processing. The company is expected to benefit from the rapid growth in demand for high-end copper products driven by trends in industrial and consumer sectors such as AI data centers and electric vehicles [4][10] - The company is positioned to capture new growth opportunities through its high-end, international, and green product offerings, establishing partnerships with leading brands [4][10] - The report anticipates that the company's profitability will improve due to a stable processing fee rate and a strong pricing power for high-value products, despite fluctuations in copper prices [4][32] Summary by Sections 1. Company Overview - Jintian Co., Ltd. has established itself as a global leader in the copper processing industry, with multiple production bases in China and Vietnam, and a total copper processing capacity expected to reach 2.2 million tons by 2024 [4][10][11] - The company has diversified its product offerings to include rare earth permanent magnetic materials, contributing to its growth strategy [10][11] 2. Historical Growth and Profitability - The company's revenue growth has primarily been driven by the expansion of its copper processing capacity, with a compound annual growth rate (CAGR) of 12.8% from 2017 to 2024 [21] - The processing fee model, which is based on copper prices plus processing fees, provides a stable revenue stream, making the company's profitability less sensitive to copper price fluctuations [18][21] 3. Emerging Industry Demand - The demand for copper is expected to grow significantly in emerging industries such as renewable energy, AI, and robotics, with structural changes in consumption patterns favoring high-end copper products [43][47] - The report highlights that the copper processing industry is moving away from price competition towards consolidation, benefiting leading companies like Jintian Co., Ltd. [43] 4. Financial Projections - The company is projected to achieve revenues of 134.68 billion yuan, 143.46 billion yuan, and 153.59 billion yuan for the years 2025 to 2027, with corresponding net profits of 7.11 billion yuan, 9.99 billion yuan, and 11.86 billion yuan [2][4] - The earnings per share (EPS) are expected to increase from 0.48 yuan in 2025 to 0.80 yuan in 2027, reflecting a positive growth trajectory [2][4]